Udayavni Special

IRCTC makes blockbuster debut; zooms over 101 pc in debut trade


PTI, Oct 14, 2019, 11:18 AM IST

New Delhi: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) zoomed over 101 per cent in debut trade on Monday against its issue price of Rs 320.

It listed at Rs 644, reflecting a huge jump of 101.25 per cent as compared to the issue price on the BSE.

On the NSE, it skyrocketed 95.62 per cent to Rs 626 in opening trade.

The company’s market valuation stood at Rs 10,972 crore in morning trade.

The initial public offering of IRCTC was a huge hit among investors, subscribed 111.91 times earlier this month.

The Rs 645-crore IPO was in a price range of Rs 315-320 per share.

IRCTC is the only entity authorised by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.

Top News

Covid 19: Udupi, DK report 145 cases as K’taka breaches 5k mark

Will accept Khalistan if government offers it: Akal Takht Jathedar

Udupi: Sri Krishna’s darshan not till July

Govt destroying economy by refusing to provide cash support to people, MSMEs: Rahul Gandhi

Hotels, restaurants can re-open if norms are followed: BSY

Jyotiraditya Scindia changes Twitter profile, sparks speculation of rift

Hospitals turning away Covid-19 patients won’t be spared: Delhi CM Arvind Kejriwal

Related Articles More

Karnataka Bank reports Rs 285 cr fraud in four loan accounts

British pharma giant ‘AstraZeneca’ all set to roll out COVID-19 vaccine in September

Atlas Cycles shuts its last manufacturing unit due to lack of funds

India’s forex reserves surge to all-time high of USD 493.48 billion amid Covid-19 crisis

No new government schemes for a year, Centre cuts back amid COVID-19 crisis

MUST WATCH

City bus conductor dons PPE suit in Mangaluru

Bicycle worth Rs 12 lakh comes to Mangaluru

Tragedy and chaos: Former MIA director recalls Mangalore Air Crash

Lockdown relaxation: Long queues outside liquor stores in Mangaluru

Indian Coast Guard thank Covid-19 warriors

Latest Additions

Waiter held in Pune for double murder in Mira Road restaurant

‘Need to take decisive steps’: Manish Sisodia writes to HRD minister to re-open Delhi schools

Udupi: 2 with quarantine seals seen in public; detained

Covid 19: Udupi, DK report 145 cases as K’taka breaches 5k mark

Mangrove trees won’t survive sea-level rise by 2050: Study

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.